Investment

Gold is known for its historical as well as cultural prominence all over the world, especially in India. For centuries, it's been a definition of luxury, worthy only of kings and rulers. Apart from this, gold is also popular due its financial and growth value.

Times have changed, but the financial importance of gold has not. In fact, gold is now more precious than ever. Gold is available in a variety of forms (physical, ETF, funds, etc.) and at a number of outlets (banks, broking houses, jewellery shops, etc.).

If you are new to this form of investment, enter this section to learn everything you need to know about gold.

The key to any successful fitness plan is a regular work out, if only for few
minutes a day. Financial planning works the same way. Review your financial standing
through this simple and interactive quiz.

Disclaimer: The information provided should be deemed as educational
only and is not intended to be and must not be taken as the basis for an investment
decision. The user assumes the entire risk of any use made of this information.

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Today's tip:

If you start investing early, the power of compound interest can be huge. Suppose you start saving Rs. 40,000 every year when you are 25 and stop when you are 40, i.e. you save for 15 years. If you invest these savings in a retirement fund earning an interest of 8% p.a., you will have more than Rs. 5, 400,000 when you retire. Yes, your investments of Rs. 600,000 will become more than Rs. 5,400,000. This is the power of compounding.

Featured tip:

Make as many of your heavy investments as possible right at the beginning of the financial year. This ensures that you maximize the interest earned on your investments.